In a historic day that marks the end of 25 years of isolation and financial discredit, the Chamber of Deputies approved a crucial authorization this Wednesday to execute the payment plan intended for the last “vulture funds”. The initiative, strongly promoted by the administration of Javier Milei, achieved a decisive political victory with 139 positive votes against 97 negative votes, thus securing the necessary consensus to clean up the accounts left in ruins by populism.
This legislative triumph not only represents a step forward in the economic agenda of the Government, but also consolidates a patriotic alliance in the chamber, with the strategic support of PRO, UCR, Federal Innovation, Independence, Elijo Catamarca, and a large part of Provincias Unidas. On the opposing side, Unión por la Patria and the Left Front were once again exposed, opting for rejection in an attempt to keep Argentina chained to a past of defaults.
The urgency of the session was due to the deadline of June 30, the date set in the conciliation agreement reached in the U.S. courts. Thanks to the negotiating expertise of Javier Milei's economic team, a close to 30% reduction on the amounts owed was achieved, allowing the remaining balance to be settled with a total disbursement of USD 171 million.
The breakdown of the payments is divided as follows: USD 67 million for the firm “Bainbridge Ltd.” and USD 104 million for the creditor group led by “Attestor Value Master Fund LP”.
Beyond the figures, the parliamentary ratification serves as a shield for the assets of all Argentines. According to the approved plan, the seizures affecting strategic assets such as Banco Nación and Aerolíneas Argentinas will be lifted.
Additionally, class A, B, and D shares of YPF will be recovered, freeing the oil company from future legal conflicts and granting it the legal security necessary for its growth.
